Bristlecone Advisors LLC Trims Stock Holdings in iShares U.S. Aerospace & Defense ETF $ITA

Bristlecone Advisors LLC lowered its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 1.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,718 shares of the company’s stock after selling 348 shares during the period. Bristlecone Advisors LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $4,474,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ITA. Kingstone Capital Partners Texas LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF during the second quarter valued at approximately $34,118,000. Goldman Sachs Group Inc. raised its stake in iShares U.S. Aerospace & Defense ETF by 55.6% during the first quarter. Goldman Sachs Group Inc. now owns 424,645 shares of the company’s stock valued at $65,013,000 after buying an additional 151,757 shares in the last quarter. Marks Wealth LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF during the first quarter valued at approximately $12,539,000. Surience Private Wealth LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF during the second quarter valued at approximately $12,663,000. Finally, Envestnet Asset Management Inc. raised its stake in iShares U.S. Aerospace & Defense ETF by 40.8% during the first quarter. Envestnet Asset Management Inc. now owns 227,195 shares of the company’s stock valued at $34,784,000 after buying an additional 65,889 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Up 47.0%

Shares of BATS ITA opened at $217.63 on Wednesday. The stock’s 50 day moving average price is $204.76 and its two-hundred day moving average price is $187.74. iShares U.S. Aerospace & Defense ETF has a 52-week low of $129.14 and a 52-week high of $198.47. The stock has a market capitalization of $9.58 billion, a P/E ratio of 34.35 and a beta of 0.87.

About iShares U.S. Aerospace & Defense ETF

iShares U.S. Aerospace & Defense ETF, formerly iShares Dow Jones U.S. Aerospace & Defense Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Aerospace & Defense Index (the Index).